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Calculate the weight in pounds of material a

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Reference no: EM133187257

Question - On May 1, 2021, PETER Company purchased raw materials to be used in production. The cost accountant used the relative peso value method to allocate freight in (A - 0.28125; B - 0.325; and C - 0.39375) and provided the following information as follows:

Type

Weight in Pounds

Invoice Price

Total Cost

Cost per pound

A

?

11,250

?

3.294

B

5,000

?

13,325.00

?

C

6,500

?

?

2.484

The freight cost amounted to P1,000.

1. If the cost per unit of Material A is 3.294, calculate the weight in pounds of Material A.

A. 3,000

B. 2,500

C. 3,200

D. 3,500

2. Compute for Material B's invoice price.

A. P15,750

B. P13,000

C. P13,500

D. P15,550

3. Calculate the TOTAL cost of purchases for Material C.

A. P15,773.23

B. P16,133.75

C. P16,143.75

D. P15,223.55

Reference no: EM133187257

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